In the 3rd quarter of 2015 the financial results generated by the Arctic Paper Group from continued operations* were influenced by unchanged market challenges. EBITDA was PLN 70.5m (down 19.2% compared to Q3 2014), operating profit was slightly over PLN 43m (27.2% less than in Q3 2014), and net profit from continued operations was over PLN 22.7m (down 43.2% from the same period of 2014). Sales revenues were PLN 730.7m, that is at a similar level year-on-year.
The 3rd quarter results on EBITDA and operating profit level were significantly above those achieved in Q2 2015: EBITDA grew by 81.1% and operating profit by 262,7%, while revenues increased by 6.2% quarter-on-quarter. The cumulative year-to-date net result from continued operations was by 16.3% higher than achieved in the first three quarters of 2014. EBITDA was down 1.3% and operating profit slightly increased (by 0.5%) year on year. Revenues were by 1.2% higher in comparison to the first three quarters of last year.
FRIDAY, 13 NOV, 2015